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Muthoot Capital Services Ltd.

BSE: 511766 | NSE: MUTHOOTCAP |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE296G01013 | SECTOR: Finance - Investments

BSE Live

Jun 23, 16:00
404.15 1.85 (0.46%)
Volume
AVERAGE VOLUME
5-Day
9,393
10-Day
6,778
30-Day
7,830
1,904
  • Prev. Close

    402.30

  • Open Price

    403.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jun 23, 15:52
402.50 -0.20 (-0.05%)
Volume
AVERAGE VOLUME
5-Day
70,832
10-Day
56,808
30-Day
95,914
24,219
  • Prev. Close

    402.70

  • Open Price

    405.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    402.50 (5)

Annual Report

For Year :
2019 2018 2016 2014 2013 2012 2011 2010 2009

Chairman's Speech

MESSAGE FROM THE MANAGING DIRECTOR

Dear Valued Members,

I am glad to present to you with Muthoot Capital Services Limited’s (MCSL) Annual Report at a time when your company marks its silver jubilee year. It is also with great delight and indeed, its a matter of pride for us, that MCSL has been recognized with ‘India’s Best Company of the Year Award 2018’ in Automobile Financing, which has been instituted by Berkshire Media. It is noteworthy that we were selected after a detailed analysis of 500 companies across services and infrastructure sector in the areas of innovation, workplace culture, leadership, business ethics, governance, corporate social responsibility and company reputation.

As part of the annual report, I am happy to present to you the financial and operational results of MCSL for the year 2018-19. As you are aware, that the Banking and NBFC industries have been going through challenging times and auto industry too, has been facing challenges in growth due to multiple headwinds. However, it is remarkable that MCSL has closed the 25th year on a high.

The Company has achieved a milestone disbursement of Rs.2000 Crores of Rs.2135.04 Crores in FY 2018-19, and a total AUM of Rs.2741.05 Crores (including sold portfolio of Rs.656.85 Crores), as compared to Rs.1969.69 Crores of disbursement and Rs.2238.02 Crores of gross AUM in the previous year. The Company has earned a net profit after tax of Rs.82.42 Crores during the year FY 2018-19, which is 53.57% increase from the previous year.

It is heartening to mention that in the very last month of the year, the company was able to ink its single largest- securitization deal for Rs.236.00 Crores, which reflects the confidence in our two-wheeler portfolio. Moreover, the Company has raised new sanctions of Rs.505 Crores from Banks / NBFC in the current year besides sanctions of Rs.912 Crores from securitization transactions. We have ended the year with a Gross NPA of Rs.113.14 Crores, on which we are maintaining a provision coverage of 45%, which not only provides sufficient cushion, but also reflects our strategy in ensuing confidence among our stakeholders.

MCSL has been ramping up its presence in non-southern states. The share of business from North and East has increased to 24% from 13% in the last one year. This geographical diversification especially helped MCSL during the temporary impact it faced at the time of the calamity in Kerala. MCSL has also completed the piloting of its used-car business and would soon be moving in top gear into the states of Kerala, Karnataka and Tamil Nadu. MCSL has also been increasingly harnessing digital process, and analytics for its loan processes with a view to have best of the portfolio quality and be the best in the industry in terms of service delivery to its end customer.

At the same time, Muthoot Pappachan Group, of which the Company is a part of, also embarked upon the journey of enhancing its Brand Image and Equity and renowned actor, Padma Shri Ms. Vidya Balan has been signed up as the brand ambassador, wherein she would endorse the products and services of the Company, as well. It is indeed a matter of repute and honour for the Company to be associated with such a personality.

MCSL has continued to invest in the society it functions in through its social responsibility initiatives such as rehabilitation of persons who have suffered spinal cord trauma, renovation of orphanages for children and working with reputed organizations to fight the menace of substance abuse.

The Company has come a long way since its humble beginnings 25 years ago. At this juncture, I express my heartfelt gratitude to you and all those who have supported the growth of the Company and trusted us over the years - our esteemed shareholders, bankers, regulatory authorities, customers, investors and all our employees. We will strive to continue to stand up for those values which have been our strength over the last twenty-five years and will continue to work towards changing the lives of the common man empowering them with our easy and simple products.

With regards,

Sd/-

THOMAS GEORGE MUTHOOT

Managing Director